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Paramount Pictures has closed a three-year deal valued at $1 billion with the Shanghai Film Group and Huahua Media to co-finance the studio’s full slate of films, it was announced Thursday. Under the terms of the deal, Shanghai Film Group and Huahua Media will finance at least 25 percent of each film on the studio's slate, and it also includes an option for a fourth year.

The agreement was announced by Paramount chairman and CEO Brad Grey, Shanghai Film Group chairman Ren Zhonglun and Huahua Media chairman Wang Kefei.

The deal, which was finalized in Shanghai in November, covers several of...

Paramount Pictures hierarchy announced on Friday that a joint venture of the Chinese companies has made “a significant investment” in Jack Reacher: Never Go Back.

The Huahua Media-Shanghai Film Group joint venture will also act as the lead marketing partner alongside Paramount China on the action thriller starring Tom Cruise, one of Hollywood’s biggest exports to China.

Cruise reprises his role as the former military investigator. The film will open in the Us and China on October 21.

Huahua invested in and promoted in China Paramount and Skydance’s Star Trek Beyond, which has generated $62m since it opened on September 2.

Huahua Media was also one of Paramount’s China marketing partners on 2014 release Transformers: Age Of Extinction, which became the first film to cross $300m at the Chinese box office.

Shanghai Film Group is a vertically integrated film company that oversees more than 2,000 cinema screens in China.

“Huahua’s marketing acumen was instrumental in the...

Eros takes the lead and signs key collaborations with Chinese film companies at a Business forum that Indian Prime Minister Narendra Modi addressed in Shanghai. Eros International, India’s leading global film entertainment company, has announced landmark deals with three major most-respected Chinese state owned film and entertainment companies to promote, co-produce, distribute and unlock value in respective intellectual properties for Sino-Indian films across all platforms in both the countries.

The Memorandum of Understandings (MoUs) were signed by Mr. Sunil Lulla, Managing Director, Eros at the recently concluded India–China Business Forum in Shanghai, attended by Indian Prime Minster, Mr. Narendra Modi.

The MoUs entail the prospective co-production and distribution of Sino-Indian films with several Chinese government owned production houses including China Film Group Corporation (Cfgc) and Shanghai Film Group Corporation (Sfg). Eros has also announced one of its first projects, co-produced with Cfc titled Da Tang Xuan Zang (Monk...

Shanghai Film Group, China's second largest film studio, is in advanced talks on teaming with U.S. studios on major film projects, president Ren Zhonglun told a newspaper. He said the state-owned group was reaching a "critical stage" of cooperation with a number of major U.S. studios, including Paramount Pictures and Disney's Marvel, on high-end global projects. Photos: China Box Office 2013: The Top 10 Movies "Even in the last month of 2013 and the first month of this year, there have been people from Paramount and Marvel and Pinewood Studios coming to talk to us 'to throw

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New stills from Transformers: Dark of the Moon and Colombiana, and the first official photo of Sacha Baron Cohen in his upcoming dual role comedy The Dictator.

Set photo of Emma Watson shooting The Perks of Being a Wallflower, Van Damme shooting Universal Soldier 4, gory scenes from Piranha 3Dd and alien landscapes from Prometheus.

International posters for The Three Musketeers and Real Steel, and one-sheets for Our Idiot Brother and Harry Potter and the Deathly Hallows Part Two,

Joe Cornish's directorial debut "Attack the Block" is set to score a limited release in North American cinemas on July 29th through Screen Gems.

The Weinstein Company announced today that it has acquired U.S. distribution rights to “W.E.,” Madonna’s directorial debut of a feature film. It's expected to release the film in the U.S. sometime later this year.

"Paul Thomas Anderson's "The Master" is expected to get a late 2012 release date,...

The Shanghai Film Group has teamed with Mike Medavoy to make a feature film and six-hour miniseries, both set in WWII China. The film will be an adaptation of The Cursed Piano, a novel by Chinese author Bei La. It is a love story set against the backdrop of Japanese-occupied China at a time when Shanghai offered refuge to Europe's persecuted Jews. The miniseries will be based on Daniella Kuhn's story Tears of the Sparrow, and that will focus more closely on the Jewish experience in Shanghai. The film and mini will be made in concert and will share story elements and characters. Medavoy and Shanghai Film Group president Ren Zhonglun announced the project at the Shanghai International Film Festival. Screenwriter Nicholas Meyer (Elegy) is also involved in the project. He and Medavoy worked together on Time After Time. Medavoy was born in Shanghai and lived the first six years of his life there.